Cheddar afternoon business update 11/6: Amazon CEO cashes in

Posted: Updated:
NEW YORK -

Amazon shares are near all-time highs, so CEO Jeff Bezos is cashing in.

The world's richest man sold over a billion dollars’ worth of his shares last week, leaving him with more than 16 percent ownership in the company he founded.

Bezos says he’ll invest the money in his private space company Blue Origin.

It's been a tough year for Uber, but the company may be bouncing back. New data from Second Measures shows the business grew by 15 percent from March to September after 400,000 users deleted the app.

However, rival Lyft saw a 33 percent increase during that time.

Netflix users don't panic, your account is not being suspended. A realistic email scam targeted nearly 110 million Netflix subscribers, telling them to click on a link and update credit card information.

Users have been warned about the scam and are being instructed to go to the Netflix site to check their accounts, not click on the phishing link.

  • SlideshowsGalleriesMore>>

  • Sights and scenes from the 2020 SAG Awards

    Sights and scenes from the 2020 SAG Awards

    Sights and scenes from the 2020 SAG AwardsSights and scenes from the 2020 SAG Awards
    Sights and scenes from the 2020 SAG AwardsSights and scenes from the 2020 SAG Awards
    Sights and scenes from the 2020 SAG Awards
    Sights and scenes from the 2020 SAG Awards
  • Your January 2020 Storm Photos

    Your January 2020 Storm Photos

    Have a great or fun photo during snowstorms in January 2020? We want to see them!
    Have a great or fun photo during snowstorms in January 2020? We want to see them!
  • Dog Day Fridays for Jan. 17

    Dog Day Fridays for Jan. 17

    Friday, January 17 2020 10:01 AM EST2020-01-17 15:01:18 GMT
    Lady is a Labrador/Rottweiler mix. She is super affectionate and her favorite pasttime is dancing! She loves belly rubs and snuggling with all people.Lady is a Labrador/Rottweiler mix. She is super affectionate and her favorite pasttime is dancing! She loves belly rubs and snuggling with all people.
    Lady is a Labrador/Rottweiler mix. She is super affectionate and her favorite pasttime is dancing! She loves belly rubs and snuggling with all people.Lady is a Labrador/Rottweiler mix. She is super affectionate and her favorite pasttime is dancing! She loves belly rubs and snuggling with all people.
    This week's dogs are up for adoption at Ruff House Rescue. They brought three puppies!
    This week's dogs are up for adoption at Ruff House Rescue. They brought three puppies!
sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."